Sunnova Extends Forbearance Agreement to Avoid Default

Sunnova Energy International ( (NOVA) ) has shared an announcement.

On May 22, 2025, Sunnova Energy International Inc. and its partners agreed to extend a Forbearance Agreement initially dated May 2, 2025, concerning deferred interest payments on its senior notes. The extension, which lasts until May 29, 2025, aims to prevent default and cross-default scenarios, allowing the company to manage its financial obligations without triggering acceleration of debt maturity, thus providing stability to its operations and stakeholders.

The most recent analyst rating on (NOVA) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Sunnova Energy International stock, see the NOVA Stock Forecast page.

Spark’s Take on NOVA Stock

According to Spark, TipRanks’ AI Analyst, NOVA is a Underperform.

Sunnova Energy’s stock score is primarily impacted by persistent financial instability, high leverage, and liquidity concerns. Bearish technical indicators and unfavorable valuation metrics further contribute to a cautious outlook. While operational improvements and strategic changes offer some optimism, significant challenges remain.

To see Spark’s full report on NOVA stock, click here.

More about Sunnova Energy International

Sunnova Energy International Inc. operates in the energy sector, focusing on providing solar energy services and products. The company is involved in the development and management of solar energy solutions, catering to residential and commercial markets.

Average Trading Volume: 18,818,054

Technical Sentiment Signal: Sell

Current Market Cap: $25.65M

For an in-depth examination of NOVA stock, go to TipRanks’ Stock Analysis page.